Sallie Mae To Pay $35M To Resolve Stock Drop Suit
By Steven Melendez ( April 20, 2012, 9:22 PM EDT) -- A New York federal judge gave preliminary approval Wednesday to a $35 million settlement of a shareholder class action alleging lender Sallie Mae and parent SLM Corp. concealed risky subprime student loans in Sallie Mae's portfolio that ultimately caused a stock price drop....
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